Have You Drafted Up a Will Yet?

Have you drafted a will yet? Chances are you haven’t since studies show that the majority of adults in the United States either haven’t gotten around to it or simply downright refuse to do so. One of the possible reasons is that people would rather think about positive things like going on vacation, enjoying retirement, or walking their children down the aisle. But just like it’s vital to plan a funeral service or cremation service at a Roundhead, OH funeral home, it’s also critical to sit down with a lawyer to write a will that will ensure your loved ones are looked after.  

If you don’t have a will in place, here are some reasons why you should get one done asap.  

Divide Your Possessions the Way You Want to 

You don’t want to spend decades working hard to take care of your family only to drop the ball by failing to provide proper care after you’ve passed away. With a will, you can ensure that those you love are benefited by your estate. You can leave whatever you want to whomever you want. Whether it’s property, homes, stock portfolios, vehicles, or anything else, you can leave your possessions to family members, friends, or anyone else you want to leave something for. If you don’t make a will before you die, there really is no telling who will make these decisions. But one thing’s certain – someone appointed by the state to divide your assets won’t do it the way you would. So don’t roll the dice. Draft up a will and ensure things are done your way.  

Select Executor 

In simple language, the executor you choose will be responsible for ensuring that your wishes, as expressed in the will, are carried out. As well, the executor will ensure that any debts you have not paid off get paid off. This is a very important position and is a huge responsibility.   

Choose Someone to Care for Your Kids 

Have you decided who will take care of your little ones if you die before they become old enough to be self-sufficient? Be sure that your will lists the person who will serve as guardian of your children. This is obviously an important responsibility, so you’ll need to think long and hard about the various candidates up for consideration.   

Review Will Periodically 

A will isn’t something that you necessarily do once and leave as is forever. Life changes may warrant will changes. For instance, if the guardian you list in the will passes away before you do, you’ll obviously need to update your will to reflect this. If your net worth grows substantially, you may want to make changes as to the allocation of your wealth. Some sources recommend looking over your will annually so that you can determine if it needs to be updated. What you don’t want to do is write it, put it away, and forget about it. The risk is that a will that is treated this way may be obsolete when the time comes to enforce it.  

You definitely need to get a will written up. So make an appointment to see a lawyer about it as soon as you can. While you’re at it, make an appointment to see us at Eley Funeral Home & Crematory, a Roundhead, OH funeral home located at 1102 Lincoln Ave, Wapakoneta, OH 45895. We can help you preplan a final disposition so that everything will be in place. Call us at (419) 738-7676 for a free consultation when you’re ready to talk. We’re here to assist.